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What is a ‘Comprehensive insurance’ policy?

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What is a ‘Comprehensive insurance’ policy?

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A comprehensive insurance policy includes, Third party cover, Loss / Damage to vehicle as a result of an accident, fire or theft, Risks against floods, earthquake, riots and strikes, Accessories like music system, air-conditioner, etc. can also be covered by paying additional premium and Risk of loss/damage while in transit by road, rail, watercraft, air, elevator, etc. The insurance policy is valid for one year. It becomes effective when the payment of premium is received by the insurance company.

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